This recently posted on the NGC site. Ya gotta love it! http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=4373 Chris
Is NGC or "pawn stars" doing the hobby any favors with this? Maybe they're hurting for fresh material? Reminds me when I got a call from "People's Court" when I had a small claims case against a non-paying chiseling customer. They wanted me to appear on their show and they would guarantee the small claim would be paid! I didn't appreciate that the local small claims court would be playing that game with my case.
I notice they use the word "provenance" in that article, whereas every person on the show says "providence"
Who said the local small claims court had anything to do with it. Court filings are public record and anyone can access them. Someone with People's Court went through the filings and thought your case might make a good one for the program. So they called you. (Although the court clerk MIGHT have tipped them off. That might be illegal, not sure.) OK, so NGC knows the correct word and the Pawn Stars don't.
And why the experts are so conveniently available and knowledgeable... always! It's all set up to appear to be in real time.
Well, the only person I know who has appeared on the show is Charmy. So, maybe I'll get to see others whom I only know by name on the show at some future date. One thing is for sure, if I were there, I'd wouldn't make any bones about telling them that Chum Lee is a terrible role model for kids. Chris
Lol, first time I am seeing that. Just proves that the labels are more "collectable" then the coins. That includes silly "first strikes" and so on.
I have nothing I want to pawn or sell at the prices they offer. Ten minutes of TV exposure won't justify taking a bath on a valuable item. This will be a good time to be at the other end of the FUN show. It won't be as crowded.
I can go either way on if it is good for the hobby. But personally - why would someone want $65 1 oz silver round. Sigh....
I like the show to learn about the history of things, but I cringe with the low-balled offers that people accept. Then, the store charges a premium for those items well above fair price (got to keep the lights on I guess, but I'm sure notoriety adds to the price). Many people love the show, which is why the parking lots are so full and the lines are long.... might increase demand for coins and make the hobby more expensive! Might also introduce new, old coins into the market that were collecting dust in someone's drawer.
The show would be better without the pretense of the pawn shop. The history of the pieces are akin to a version of Antiques Roadshow, and appeals to many viewers, but this show is modeled for a different demographic. The fact that Rick & crew almost by default have to "ask an expert" about each piece and then convey an offer does little to impress me that dealing with that pawn dealer, let alone many others, merely because of this show would mean I'm being made offers for something they know nothing about and only wish to exploit profit from desperate or uninformed customers. That is the ugly reality of the business of pawn shops and what many people likely imagine thinking of them, so to support a show that does this in its industry isn't something that appeals to me as a matter of principal. A show like Antiques Roadshow is more designed to "wow" the unexpected with rare and valuable prices, but not to loot the customer, most of whom came in to the Roadshow for the purposes of insurance appraisals and to learn about what the objects are they own. If anyone who is interested hasn't read CT member The Penny Lady's threads on her experiences with The Pawn Stars production (link 1) (link 2), you might find it interesting to see how the show operates and selects it's "customers" for the shop.
The show sure is cringe-worthy for the aforementioned reasons. No informed person would sell to them unless they are seriously strapped for cash and it's an emergency. I always ask myself after what's being sold on the show, "What would that sell for on eBay?", wondering why people don't even bother to do the research sometimes. But, the customers are probably staged as mentioned. By the way, did you guys know that all of the four stars of the show are worth millions?? Chum-Lee makes about $25,000 per episode according to this link below. I think they make more from the show than they do in the shop! http://www.celebritynetworth.com/richest-celebrities/austin-chumlee-russell-net-worth/ Rick Harrison: http://www.celebritynetworth.com/richest-celebrities/rick-harrison-net-worth/ I like Antiques Roadshow, too!
I'll be sure to do any business I have with NGC on Thursday, before the circus starts on Friday. Not all publicity is good publicity.
Do the coin dealers at the show really offer that much more than Rick would? I don't recall exactly, but I didn't think they were especially lowballing people on the show for stuff like silver bullion and gold coins.